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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (6623)	4/7/1999 10:15:00 PM
From: Walter in HK	Respond to of 78524

Buffett Stock ? Here is an additional lesson for us: Buffett, in his last Ann Report recommended that all BRK shareholders read Levitt's speech. (I posted this on “Buffettology”) Message 8746472 It is worth reading slowly. Buffett wouldn't often point to someone else's wisdom, would he ? We have to wait years until Levitt's eight points become effective. In the meantime, we should not consider any stock where there are signs of dishonest flim-flam, of "earnings management". So, I would recommend that posts here mention whether they checked for mysterious disappearance of equity (i.e. more than the dividends) - from where the hits are usually taken - in the last 10 years or so. A little comment on the honesty. “Punish those who rely on deception” , Levitt said near the end. Well, that applies to the big funds. We just do it our way - and will be rewarded by the better choices we make. Walter in HK